Shares Rally After Last Weeks Disaster

Tuesday, 22 May 2012 17:11

Australian shares rallied today on speculation China and Europe will do more to bolster economic growth.

The benchmark S&P/ASX200 index rose 47.4 points, or 1.2 per cent, to 4121, while the broader All Ords gained 49.1 points, or 1.2 per cent, to 4173.5.

Among the major sectors, energy jumped 1.8 per cent, materials rose 1.2 per cent and financial gained 0.8 per cent. Here's how some of the biggest movers today

GrainCorp: +8.6%
James Hardie: +7.1% .
Leighton Holdings: +3.8%
Oil Search: +2.2%

ASX as`at the close of trade on	Tuesday 22nd May 2012
Stock	Last Sale	%
AMP	3.87	-0.77%
ANZ	21.06	0.67%
BHP Billiton	32.32	0.69%
Bluescope Steel	0.335	1.52%
Coca Cola Amatil	12.83	0.71%
Commonwealth Bk	49.91	0.54%
Fortesque Metals	4.8	1.48%
Harvey Norman	1.955	0.77%
National Australia Bk	23.91	1.31%
Optus Group	0.44	-2.22%
Origin Energy	12.95	2.86%
Quantas	1.47	2.80%
Rio Tinto	56.89	1.68%
Stockland Group	3.19	1.27%
Telstra Corp	3.6	1.41%
Virgin Australa	0.42	0%
Wesfarmers Limited	30.05	1.18%
Westfield Group	9.2	0%
Westpac Bank	20.75	0.68%
Woolworths Limited	26.88	0.22%

BARRY MAC'S BLOG

Can We Afford a Further 2.5% in GST?

You know a number of us are doing in tough. Ever had to go without a meal to ensure the kids are fed? Tens of thousands of Australians are stuck in poverty as the economic slowdown and welfare cutbacks take their toll. A Salvation Army survey of its clients has found more than half are in a worse financial situation than a year ago, with 92% having less than $500 in savings. More than a quarter also go without a substantial meal each day to ensure their children are fed. The salvos need your help to feed the... Read more

Back To Basics At School

Over the weekend I spoke to a few teachers who said that teaching basics like maths is being sidelined by too many other issues. For example, one teacher claimed he was expected to be a pseudo parent, psychologist and counsellor as well as trying to actually teach! While another said that time devoted to new subjects like environmentalism and indigenous history left too few hours in the week to teach the basics like grammar and mathematics. And to top it off, the Federal Senate Education, Employment & Workplace Relations Committee reported that many educators struggle to teach English... Read more

Women Doing Men’s Job

You know I have no problems for women being paid the same amount as men for doing what’s has been termed over the years as a man’s job. If they can do the job and do it efficiently as a man then pay them accordingly. In fact I have a daughter who wants to be a dump truck driver in the mines and is saving up to learn the job. What is happening, however, is that the types of occupations women traditionally gravitate towards are less well paid. For example, women are heavily over represented in areas like... Read more

BARRY MAC'S BLOG

MORE FROM BARRY

LOCAL NEWS